Ichimoku Forex Trade of the week 9-6-13 : NZDUSD Currency Buy 16:1 reward/risk! so far

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  • Ichimoku Forex Trade of the week 9-6-13 : NZDUSD Currency Buy 16:1 reward/risk! so far

On Aug 30, 2013, we received a Ichimoku 6 time frame Forex buy email on the currency NZDUSD.  The email is shown below:

When performing technical analysis, it was seen we were approaching a major support.  There was high probability we would be bouncing off this support.  Therefore, we looked for a counter trend trade.  If this instrument did reverse, everyone who was thinking short would be caught.   In order to get a trend reversal, we looked for a trade setup on a 4 hr time frame.  Anything less than that, we could be subject to some “shakeouts”.


The entry was 0.7779, initial stop of 0.7770, and a preserve mode value of 0.7836.   This would give us a max risk of 9 pips and a min. reward of 57 pips.   The reward/risk would be 6:1 i.e. 600%+.    The chart setup is shown below.

Right now, our stop is 0.7931 in preserve mode.  Since our stop if above our entry of 0.7779, it is a free trade.   As the trend continues, we lock in more and more profits and our reward/risk goes higher and higher.    If we get stopped out now, we would lock in 152 pips in profits with a risk of 9 pips.  this gives us a 16:1 SO FAR!

If you would like to learn how to trade like an institutional trader or learn more about our multi-timeframe email alerts, go to www.ichimokutrade.com or email us at info@eiicapital.com

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